Oil eases from new multi-month high, pressured by demand recovery fears, stronger dollar
WTI oil fell over $1 on Monday, easing from new multi-month high at $52.74, posted last Friday, after nearly 9% weekly rise (the biggest one-week gain since early May), as bulls faced strong headwinds on approach to pivotal barrier at…
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Eurozone investor morale surges in January on growing vaccine optimism
Growing confidence about successful vaccination strategy to tackle the Covid-19 pandemic strongly boosted investor morale in the euro zone.
Investor morale rose more than expected in January, hitting the highest level in nearly one year,…
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Close below 1.2173 Fibo support to risk deeper fall
The Euro holds firmly in red for the third straight day and dips to the lowest since 21 Dec on Monday, deflated by stronger dollar and fading risk sentiment.
Fresh extension lower broke below 20DMA (1.2218, now reverted to solid…
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Cable dips to 2-week low on fresh coronavirus fears
Cable accelerated lower in European trading on Monday and hit new two-week low, on comments from UK chief medical adviser Whitty, who said that next few weeks of the Covid-19 pandemic will be the worst.
New highly infectious variant of the…
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Dollar rises further on risk aversion but more evidence needed to signal reversal
The dollar started trading on Monday with gap-higher and hit 2 ½ week high against the basket of major currencies, signaling and extension of bounce from new 2021 low (the lowest since Apr 2018), posted last Wednesday.
The greenback rose…
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US economy sheds jobs in December for the first time since April
US nonfarm payrolls plunged in December, falling for the first time in eight months, signaling that the economy, hit by surging coronavirus infections, is losing momentum that could temporarily stall the recovery from the pandemic.
US…
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Extended pullback dips below $1900 ahead of US NFP
Spot gold fell 1.5% on Friday, extending steep fall into third straight day, after bulls stalled at pivotal Fibo resistance at $1956 (61.8% of $2074/$1764 fall).
The price fell below $1900 for the first time in one week, as dollar gained…
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WTI extends gains, lifted by production cut, risk appetite
WTI oil rose to new 11-month high on Friday and on track for significant weekly gain and first weekly close above $50 level since mid-Feb 2020.
Positive sentiment was boosted by Saudi Arabia’s decision to make voluntary cuts to its…
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German industrial output and exports accelerated in November
German manufacturing production and exports rose more than expected in November, marking the seventh straight month of rise, and signaling that the sector gained momentum in the fourth quarter.
Industrial output was up by 0.9% in…
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Larger bulls are taking a breather
The Euro is down around 100 pips in European trading on Thursday after bulls stalled on approach to Wednesday’s new multi-month high at 1.2349.
The US Senate certified Biden’s victory, with Democrats winning control of the US Senate and…
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